Quayle Munro is pleased to announce that it has advised the shareholders of Point Carbon, a Norwegian-based leading provider of essential trading analytics, news and content for the energy and environmental markets, on the sale to Thomson Reuters. Quayle Munro managed all aspects of the sale process.
Point Carbon provides banks, traders, portfolio managers, utilities, corporations and governments with critical insights based on deep industry knowledge and sophisticated modelling capabilities across the carbon, electricity and gas markets. Point Carbon’s valuable demand, supply and price predictive models are based on proprietary data collection and are used by thousands of traders and analysts globally.
The acquisition strengthens Thomson Reuters offerings to the energy sector through the combination of Point Carbon’s critical insight, market fundamentals and powerful analytics of key price drivers with Thomson Reuters leading news and pricing service.
Per-Otto Wold, Founder and CEO of Point Carbon said: “Point Carbon has experienced excellent growth over the last 10 years and currently holds leading positions in our areas of focus. I truly believe that combining Thomson Reuters and Point Carbon is an excellent union of forces that will take Point Carbon to the next level. Quayle Munro has proved themselves as the go-to place for transactions within the media and information space and have been invaluable in getting this deal done.”
The transaction is expected to close in the coming weeks. Financial details of the investment were not disclosed.